Can't he just hide the savings in an online brokerage, wherein he holds shares of readily marketable stocks? I mean yeah, it's subject to market ups and downs, but he could always yank a thousand bucks out of it and have it back into his local account just as fast as some of those other options. So why is everybody suggesting the money ought to be designated as an emergency fund specifically? I mean the kid lives with his parents and has about a hundred thousand dollars saved up. The only meaningful designation that ought apply is whether he can lay his hands on funds in one day or three days.

Because he is a hoarder, but instead of hoarding tiny porcelain kitties or dead parakeets, he is hoarding stock. It's obsessive behavior, not rational risk assessment.

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